Introduction

The Risk Analytics Market, valued at USD 37.51 billion in 2023, is projected to reach USD 109.35 billion by 2032 at a strong CAGR of 12.65%. As cyberattacks grow more frequent and costly—averaging USD 4.88 million per breach in 2024—businesses are under pressure to adopt advanced analytics for predicting and mitigating risks. From real-time data modelling to AI-powered predictions, risk analytics is becoming central to corporate strategies.

With rising threats and stricter compliance regulations worldwide, do you think risk analytics will soon be as essential as traditional accounting systems?

Key Players

The market is led by technology giants like IBM, Oracle, SAS Institute, and SAP, alongside financial specialists such as Moody’s Analytics, FIS, and Deloitte. Niche innovators like MetricStream, ServiceNow, Resolver, and Provenir are also shaping the industry with customizable governance and compliance solutions. Even banks and insurers are rapidly integrating platforms from providers like SAS and Oracle to streamline reporting and fraud detection.

With so many options available, would you prefer a comprehensive enterprise platform or a specialized solution tailored to your industry?

Segmentation

By component, software dominated in 2023 with 65% share, as firms embraced advanced platforms for predictive modelling and compliance. By deployment, on-premise solutions led with 58% share, but cloud-based risk analytics is the fastest-growing, thanks to scalability and cost efficiency. Industry-wise, BFSI led with 28% share, but manufacturing is set to grow fastest as Industry 4.0 drives supply chain risk management. Operational risk accounted for the largest application share, while compliance risk is growing fastest under global regulations.

Do you think cloud-based platforms will soon overtake on-premise models in risk analytics adoption?

About Us

In the fast-paced business biospheres, businesses need to constantly evolve to grow and stay relevant. At S&S Insider, we believe in adopting a data-oriented approach to aid organizations be familiar with the nerve of the industry.

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